1,156,871 Shares in Enterprise Products Partners L.P. (NYSE:EPD) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,156,871 shares of the oil and gas producer's stock, valued at approximately $36,279,000. Enterprise Products Partners makes up approximately 0.5% of Susquehanna Fundamental Investments LLC's investment portfolio, making the stock its 20th largest holding. Susquehanna Fundamental Investments LLC owned approximately 0.05% of Enterprise Products Partners as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of EPD. Rosenberg Matthew Hamilton raised its holdings in Enterprise Products Partners by 364.4% in the fourth quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock valued at $26,000 after acquiring an additional 656 shares in the last quarter. Tidemark LLC lifted its stake in Enterprise Products Partners by 54.3% in the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after buying an additional 318 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners in the 4th quarter worth about $29,000. Crowley Wealth Management Inc. acquired a new position in Enterprise Products Partners during the 4th quarter worth $30,000. Finally, National Bank of Canada FI boosted its position in Enterprise Products Partners by 55.4% during the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after acquiring an additional 360 shares during the period. Hedge funds and other institutional investors own 26.07% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EPD. StockNews.com upgraded shares of Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. Royal Bank of Canada restated an "outperform" rating and set a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Truist Financial boosted their price target on shares of Enterprise Products Partners from $37.00 to $40.00 and gave the company a "buy" rating in a report on Friday, January 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Finally, Morgan Stanley increased their target price on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Enterprise Products Partners presently has an average rating of "Moderate Buy" and an average target price of $36.89.

Enterprise Products Partners Stock Down 0.9 %

EPD stock traded down $0.28 during mid-day trading on Wednesday, hitting $29.98. The stock had a trading volume of 2,914,803 shares, compared to its average volume of 4,379,984. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63. The company has a fifty day moving average of $32.26 and a 200 day moving average of $31.97. The company has a current ratio of 1.07, a quick ratio of 0.83 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $64.93 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 1.37 and a beta of 0.78.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last posted its earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). Enterprise Products Partners had a net margin of 10.49% and a return on equity of 20.48%. The business had revenue of $15.42 billion during the quarter, compared to analyst estimates of $14.14 billion. During the same quarter last year, the firm earned $0.66 earnings per share. Enterprise Products Partners's revenue was up 4.5% compared to the same quarter last year. On average, equities analysts expect that Enterprise Products Partners L.P. will post 2.9 EPS for the current fiscal year.

Enterprise Products Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is 79.55%.

About Enterprise Products Partners

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.